Marvell Technology - MRVL Stock Forecast, Price & News

25 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology in the last twelve months. There are currently 3 hold ratings and 22 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRVL shares.
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25 analysts have issued twelve-month price objectives for Marvell Technology's shares. Their MRVL share price forecasts range from $41.00 to $125.00. On average, they predict the company's share price to reach $63.54 in the next year. This suggests a possible upside of 36.4% from the stock's current price.
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Marvell Technology's stock was trading at $37.04 on January 1st, 2023. Since then, MRVL shares have increased by 25.8% and is now trading at $46.58.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our MRVL earnings forecast.

Marvell Technology will be holding an earnings conference call on Thursday, March 2nd at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "4079400".

Marvell Technology, Inc. (NASDAQ:MRVL) issued its earnings results on Thursday, December, 1st. The semiconductor company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.43 by $0.02. The semiconductor company earned $1.54 billion during the quarter, compared to analysts' expectations of $1.56 billion. Marvell Technology had a positive trailing twelve-month return on equity of 8.50% and a negative net margin of 2.43%.

Marvell Technology announced a quarterly dividend on Tuesday, December 13th. Investors of record on Friday, January 6th will be given a dividend of $0.06 per share on Wednesday, January 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Thursday, January 5th.
Read our dividend analysis for MRVL.

Marvell Technology (NASDAQ:MRVL) pays an annual dividend of $0.24 per share and currently has a dividend yield of 0.52%.
Read our dividend analysis for MRVL.

Marvell Technology updated its fourth quarter 2023 earnings guidance on Saturday, December, 31st. The company provided earnings per share (EPS) guidance of $0.41-$0.51 for the period, compared to the consensus EPS estimate of $0.62. The company issued revenue guidance of $1.33 billion-$1.47 billion, compared to the consensus revenue estimate of $1.61 billion.

247 employees have rated Marvell Technology Chief Executive Officer Matt Murphy on Glassdoor.com. Matt Murphy has an approval rating of 89% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), Micron Technology (MU), QUALCOMM (QCOM), Alibaba Group (BABA), Intel (INTC), Salesforce (CRM), Walt Disney (DIS), Cisco Systems (CSCO) and Block (SQ).

Marvell Technology trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology's stock is owned by a number of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.31%), DekaBank Deutsche Girozentrale (0.25%), Ceredex Value Advisors LLC (0.22%), New York State Common Retirement Fund (0.16%), Allspring Global Investments Holdings LLC (0.16%) and Fisher Asset Management LLC (0.15%). Insiders that own company stock include Andrew Micallef, Chris Koopmans, Dan Christman, Dean E Jr Jarnac, Edward H Frank, Ford Tamer, Jean X Hu, Loi Nguyen, Matthew J Murphy, Michael G Strachan, Mitchell Gaynor, Muhammad Raghib Hussain, Nariman Yousefi, Richard Hill, Willem A Meintjes and Willem A Meintjes.
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Shares of MRVL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRVL stock can currently be purchased for approximately $46.58.

Marvell Technology (NASDAQ:MRVL) has a market capitalization of $39.74 billion and generates $4.46 billion in revenue each year. The semiconductor company earns $-421,030,000.00 in net income (profit) each year or ($0.16) on an earnings per share basis.

The company employs 6,729 workers across the globe.

Marvell Technology's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The official website for the company is www.marvell.com. The semiconductor company can be reached via phone at (302) 295-4840, via email at ir@marvell.com, or via fax at 441-295-3328.